<html>

<head>
<meta http-equiv=Content-Type content="text/html; charset=utf-8">
<meta name=Generator content="Microsoft Word 12 (filtered)">
<style>
<!--
 /* Font Definitions */
 @font-face
	{font-family:宋体;
	panose-1:2 1 6 0 3 1 1 1 1 1;}
@font-face
	{font-family:"Cambria Math";
	panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
	{font-family:Cambria;
	panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
	{font-family:Calibri;
	panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
	{font-family:华文行楷;}
@font-face
	{font-family:"\@宋体";
	panose-1:2 1 6 0 3 1 1 1 1 1;}
@font-face
	{font-family:"\@华文行楷";}
 /* Style Definitions */
 p.MsoNormal, li.MsoNormal, div.MsoNormal
	{margin:0cm;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
h1
	{mso-style-link:"标题 1 Char";
	margin-top:17.0pt;
	margin-right:0cm;
	margin-bottom:16.5pt;
	margin-left:0cm;
	text-align:justify;
	text-justify:inter-ideograph;
	line-height:240%;
	page-break-after:avoid;
	font-size:22.0pt;
	font-family:"Calibri","sans-serif";}
h2
	{mso-style-link:"标题 2 Char";
	margin-top:13.0pt;
	margin-right:0cm;
	margin-bottom:13.0pt;
	margin-left:0cm;
	text-align:justify;
	text-justify:inter-ideograph;
	line-height:173%;
	page-break-after:avoid;
	font-size:16.0pt;
	font-family:"Cambria","serif";}
p.MsoToc1, li.MsoToc1, div.MsoToc1
	{margin:0cm;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc2, li.MsoToc2, div.MsoToc2
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:21.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc3, li.MsoToc3, div.MsoToc3
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:42.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc4, li.MsoToc4, div.MsoToc4
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:63.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc5, li.MsoToc5, div.MsoToc5
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:84.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc6, li.MsoToc6, div.MsoToc6
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:105.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc7, li.MsoToc7, div.MsoToc7
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:126.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc8, li.MsoToc8, div.MsoToc8
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:147.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoToc9, li.MsoToc9, div.MsoToc9
	{margin-top:0cm;
	margin-right:0cm;
	margin-bottom:0cm;
	margin-left:168.0pt;
	margin-bottom:.0001pt;
	text-align:justify;
	text-justify:inter-ideograph;
	font-size:10.5pt;
	font-family:"Calibri","sans-serif";}
p.MsoHeader, li.MsoHeader, div.MsoHeader
	{mso-style-link:"页眉 Char";
	margin:0cm;
	margin-bottom:.0001pt;
	text-align:center;
	layout-grid-mode:char;
	border:none;
	padding:0cm;
	font-size:9.0pt;
	font-family:"Calibri","sans-serif";}
p.MsoFooter, li.MsoFooter, div.MsoFooter
	{mso-style-link:"页脚 Char";
	margin:0cm;
	margin-bottom:.0001pt;
	layout-grid-mode:char;
	font-size:9.0pt;
	font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
	{color:blue;
	text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
	{color:purple;
	text-decoration:underline;}
span.Char
	{mso-style-name:"页眉 Char";
	mso-style-link:页眉;}
span.Char0
	{mso-style-name:"页脚 Char";
	mso-style-link:页脚;}
span.1Char
	{mso-style-name:"标题 1 Char";
	mso-style-link:"标题 1";
	font-weight:bold;}
span.2Char
	{mso-style-name:"标题 2 Char";
	mso-style-link:"标题 2";
	font-family:"Cambria","serif";
	font-weight:bold;}
.MsoChpDefault
	{font-size:10.0pt;}
 /* Page Definitions */
 @page Section1
	{size:595.3pt 841.9pt;
	margin:72.0pt 90.0pt 72.0pt 90.0pt;
	layout-grid:15.6pt;}
div.Section1
	{page:Section1;}
-->
</style>

</head>

<body lang=ZH-CN link=blue vlink=purple style='text-justify-trim:punctuation'>

<div class=Section1 style='layout-grid:15.6pt'>

<p class=MsoToc1 align=center style='text-align:center'><span style='font-size:
22.0pt;font-family:华文行楷'>目录</span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852333"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>一、实现利润分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................................ </span><span style='color:windowtext;text-decoration:none'>4</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852334">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>净利润分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>4</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852335">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>实现利润分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>4</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852336">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业利润分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>5</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852337">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>投资收益分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>6</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852338">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业外利润分析</span></span><span
style='color:windowtext;text-decoration:none'>...................................................................................................... </span><span style='color:windowtext;text-decoration:none'>7</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852339">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>经营业务的盈利能力</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................... </span><span style='color:windowtext;text-decoration:none'>8</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852340">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>结论</span></span><span style='color:
windowtext;text-decoration:none'>....................................................................................................................... </span><span style='color:windowtext;text-decoration:none'>8</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852341">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>实现利润同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................. </span><span style='color:windowtext;text-decoration:none'>8</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852342"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>二、成本费用分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................................ </span><span style='color:windowtext;text-decoration:none'>9</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852343">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>成本构成情况</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>9</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852344">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>总成本变化情况及原因分析</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>11</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852345">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>经营业务成本控制情况</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>12</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852346">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业成本预算同期分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>12</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852347">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业税金及附加预算同期分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>12</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852348">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>销售费用的合理性评价</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>12</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852349">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>销售费用预算同期分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>13</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852350">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>管理费用的合理性评价</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>13</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852351">9.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>管理费用预算同期分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>13</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852352">10.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>财务费用的合理性评价</span></span><span
style='color:windowtext;text-decoration:none'>........................................................................................ </span><span style='color:windowtext;text-decoration:none'>14</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852353">11.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>财务费用预算同期分析</span></span><span
style='color:windowtext;text-decoration:none'>........................................................................................ </span><span style='color:windowtext;text-decoration:none'>14</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852354">12.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>成本费用同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................. </span><span style='color:windowtext;text-decoration:none'>15</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852355"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>三、资产结构分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>16</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852356">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资产构成基本情况</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>16</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852357">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>流动资产构成特点</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>17</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852358">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资产的增减及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>...................................................................................... </span><span style='color:windowtext;text-decoration:none'>19</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852359">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资产结构的变动情况</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>19</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852360">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资产结构同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>21</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852361"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>四、负债及权益结构分析</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>22</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852362">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>负债及权益构成基本情况</span></span><span
style='color:windowtext;text-decoration:none'>...................................................................................... </span><span style='color:windowtext;text-decoration:none'>22</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852363">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>流动负债构成</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>23</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852364">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>负债的增减变化情况</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>26</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852365">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>负债的增减变化原因</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>26</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852366">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>权益的增减变化</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................................... </span><span style='color:windowtext;text-decoration:none'>26</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852367">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>权益的增减变化原因</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>28</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852368">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>负债及权益结构同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................... </span><span style='color:windowtext;text-decoration:none'>28</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852369"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>五、偿债能力分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>29</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852370">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>支付能力</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>29</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852371">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>流动比率</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>29</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852372">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>速动比率</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>30</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852373">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>短期偿债能力变化情况</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>30</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852374">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>短期付息能力</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>30</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852375">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>长期付息能力</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>31</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852376">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>负债经营可行性</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................................... </span><span style='color:windowtext;text-decoration:none'>31</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852377">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>偿债能力同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>32</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852378"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>六、盈利能力分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>32</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852379">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>盈利能力基本情况</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>32</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852380">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>内部资产的盈利能力</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>33</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852381">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>对外投资盈利能力</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>34</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852382">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>内外部资产盈利能力比较</span></span><span
style='color:windowtext;text-decoration:none'>...................................................................................... </span><span style='color:windowtext;text-decoration:none'>34</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852383">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>净资产收益率及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>34</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852384">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>总资产报酬率及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>34</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852385">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>成本费用利润率及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>35</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852386">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>盈利能力同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>35</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852387"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>七、营运能力分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>35</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852388">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>存货周转天数变化原因</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>35</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852389">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>应收账款周转天数及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>........................................................................... </span><span style='color:windowtext;text-decoration:none'>36</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852390">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>应付账款周转天数及其变化原因</span></span><span
style='color:windowtext;text-decoration:none'>........................................................................... </span><span style='color:windowtext;text-decoration:none'>37</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852391">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金周期</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>38</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852392">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业周期</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>38</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852393">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营业<span lang=EN-US>周期结论</span></span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>39</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852394">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>流动资产周转天数变化原因</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>39</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852395">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>总资产周转天数变化原因</span></span><span
style='color:windowtext;text-decoration:none'>...................................................................................... </span><span style='color:windowtext;text-decoration:none'>40</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852396">9.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>固定资产周转天数变化原因</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852397">10.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营运能力同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................. </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852398"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>八、发展能力分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852399">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>销售收入增长率</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................................... </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852400">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>净利润增长率</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852401">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资本增长性</span></span><span
style='color:windowtext;text-decoration:none'>........................................................................................................... </span><span style='color:windowtext;text-decoration:none'>41</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852402">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>可动用资<span lang=EN-US>金总额</span></span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................................... </span><span style='color:windowtext;text-decoration:none'>42</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852403">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>挖潜发展能力</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>43</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852404">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>发展能力同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>43</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852405"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>九、经营协调性分析</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>44</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852406">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>投融资活动的协调情况</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>44</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852407">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营运资本变化情况</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>44</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852408">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>经营协调性及现金支付能力</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>45</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852409">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>营运资金需求的变化</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>46</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852410">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金支付情况</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>47</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852411">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>整体协调情况</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>47</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852412"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>十、经营风险分析</span></span><span
style='color:windowtext;text-decoration:none'>.......................................................................................................... </span><span style='color:windowtext;text-decoration:none'>48</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852413">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>经营风险</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>48</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852414">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>财务风险</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>49</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852415"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>十一、现金流量分析</span></span><span
style='color:windowtext;text-decoration:none'>....................................................................................................... </span><span style='color:windowtext;text-decoration:none'>49</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852416">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流入结构分析</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>49</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852417">2.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流出<span lang=EN-US>结构分析</span></span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>50</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852418">--3.<span
lang=EN-US style='font-family:宋体'><span lang=EN-US>现金流动的稳定性分析（结论性文字没有输出）</span></span><span
style='color:windowtext;text-decoration:none'>................................................. </span><span style='color:windowtext;text-decoration:none'>51</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852419">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流动<span lang=EN-US>的协调性评价</span></span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>52</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852420">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流量的变化</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................................... </span><span style='color:windowtext;text-decoration:none'>52</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852421">6.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流量的充足性评价（需要</span></span>3<span
lang=EN-US style='font-family:宋体'><span lang=EN-US>期数据）</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................. </span><span style='color:windowtext;text-decoration:none'>53</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852422">7.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流动的有效性评价</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>54</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852423">8.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>自由现金流量分析</span></span><span
style='color:windowtext;text-decoration:none'>................................................................................................ </span><span style='color:windowtext;text-decoration:none'>55</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852424">9.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>现金流量同行业指标比较分析</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................... </span><span style='color:windowtext;text-decoration:none'>55</span></a></span></p>

<p class=MsoToc1><span lang=EN-US><a href="#_Toc387852425"><span lang=EN-US
style='font-family:宋体'><span lang=EN-US>十二、杜邦分析</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>55</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852426">1.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>杜邦分析</span></span><span
style='color:windowtext;text-decoration:none'>.............................................................................................................. </span><span style='color:windowtext;text-decoration:none'>55</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852427">2. <span lang=EN-US
style='font-family:宋体'><span lang=EN-US>资产净利率变化原因分析</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................... </span><span style='color:windowtext;text-decoration:none'>57</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852428">3.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>权益乘数变化原因分析</span></span><span
style='color:windowtext;text-decoration:none'>......................................................................................... </span><span style='color:windowtext;text-decoration:none'>57</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852429">4.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>净资产收益率变化原因分析</span></span><span
style='color:windowtext;text-decoration:none'>.................................................................................. </span><span style='color:windowtext;text-decoration:none'>57</span></a></span></p>

<p class=MsoToc2><span lang=EN-US><a href="#_Toc387852430">5.<span lang=EN-US
style='font-family:宋体'><span lang=EN-US>杜邦分析同行业比较</span></span><span
style='color:windowtext;text-decoration:none'>............................................................................................. </span><span style='color:windowtext;text-decoration:none'>57</span></a></span></p>

<p class=MsoNormal align=left style='text-align:left'><span lang=EN-US><br
clear=all style='page-break-before:always'>
 &nbsp;</span></p>

<p class=MsoNormal><span style='font-family:宋体'>总公司</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份营业收入为</span><span lang=EN-US>4,165.87</span><span
style='font-family:宋体'>万元，营业利润为</span><span lang=EN-US>81.68</span><span
style='font-family:宋体'>万元，营业外收支净额为</span><span lang=EN-US>-22,392.52</span><span
style='font-family:宋体'>万元，利润总额为</span><span lang=EN-US>79.44</span><span
style='font-family:宋体'>万元。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份成本费用总额为</span><span lang=EN-US>40,943,446.59</span><span
style='font-family:宋体'>万元，占营业收入的</span><span lang=EN-US>982,829.52%</span><span
style='font-family:宋体'>。营业成本为</span><span lang=EN-US>2,876.41</span><span
style='font-family:宋体'>万元，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利润率为</span><span lang=EN-US>30.95%</span><span
style='font-family:宋体'>，营业利润率为</span><span lang=EN-US>1.96%</span><span
style='font-family:宋体'>。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份资产总计为</span><span lang=EN-US>725.68</span><span
style='font-family:宋体'>万元，负债合计为</span><span lang=EN-US>448.82</span><span
style='font-family:宋体'>万元，股东权益合计为</span><span lang=EN-US>276.86</span><span
style='font-family:宋体'>万元，资产负债率为</span><span lang=EN-US>61.85%</span><span
style='font-family:宋体'>，资产净利率为</span><span lang=EN-US>1.29%</span><span
style='font-family:宋体'>，净资产收益率为</span><span lang=EN-US>3.38%</span><span
style='font-family:宋体'>。</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852333"><span style='font-family:宋体'>一、实现利润分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852334"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>净利润分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，净利润</span><span lang=EN-US>9.37</span><span
style='font-family:宋体'>万元，上年同期</span><span lang=EN-US>-74.74</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>84.11</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>112.54%</span><span
style='font-family:宋体'>。完成年度预算的</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('f2'))%</span><span style='font-family:宋体'>，较累计预算减少</span><span
lang=EN-US>98.35</span><span style='font-family:宋体'>万元，下降</span><span
lang=EN-US>416.59%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>净利润预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image001.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852335"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>实现利润分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，利润总额</span><span
lang=EN-US>79.44</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>-67.80</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>147.23</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>217.17%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f3'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>154.22</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>178.44%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>实现利润预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元、<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image002.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852336"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>营业利润分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业利润</span><span
lang=EN-US>81.68</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>-66.68</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>148.36</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>222.50%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f4'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>153.10</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>177.15%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span style='font-family:宋体'>具体来说，以下项目的变动使营业利润增加：营业收入增加</span><span
lang=EN-US>2,751.32</span><span style='font-family:宋体'>万元，投资收益增加</span><span
lang=EN-US>10.15</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>2,761.47</span><span style='font-family:宋体'>万元；以下项目的变动使营业利润减少：营业成本增加</span><span
lang=EN-US>2,042.47</span><span style='font-family:宋体'>万元，销售费用增加</span><span
lang=EN-US>316.12</span><span style='font-family:宋体'>万元，管理费用增加</span><span
lang=EN-US>183.71</span><span style='font-family:宋体'>万元，营业税金及附加增加</span><span
lang=EN-US>42.50</span><span style='font-family:宋体'>万元，财务费用增加</span><span
lang=EN-US>28.31</span><span style='font-family:宋体'>万元，共计减少</span><span
lang=EN-US>2,613.11</span><span style='font-family:宋体'>万元。增加项与减少项相抵，使营业利润无变化。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营业利润预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image003.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852337"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>投资收益分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，投资收益</span><span
lang=EN-US>10.15</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>10.15</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f5'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>10.15</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>100.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>投资收益预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image004.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852338"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>营业外利润分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业外收支净额</span><span
lang=EN-US>-2.24</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>-1.12</span><span style='font-family:宋体'>万元，同比减少</span><span
lang=EN-US>1.12</span><span style='font-family:宋体'>万元，下降</span><span
lang=EN-US>100.09%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f6'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>1.12</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>56,056.30%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>实现利润增减变化情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本年累计</span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>净利润</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-19 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-75 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>84 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>利润总额</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-2 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>79 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-68 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>147 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业利润</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>82 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-67 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>148 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>投资收益</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>10 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>10 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业外收支净额</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-2 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业收入</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>947 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4,166 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,415 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,751 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="14%" nowrap style='width:14.98%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="15%" nowrap style='width:15.68%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.7%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业外收入</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
  <td width="15%" nowrap style='width:15.68%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.1pt'></td>
 </tr>
 <tr style='height:20.25pt'>
  <td width="31%" nowrap style='width:31.7%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.25pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业外支出</span></p>
  </td>
  <td width="14%" nowrap style='width:14.98%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.25pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.25pt'></td>
  <td width="18%" nowrap style='width:18.82%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.25pt'></td>
  <td width="15%" nowrap style='width:15.68%;padding:0cm 5.4pt 0cm 5.4pt;
  height:20.25pt'></td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852339"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>经营业务的盈利能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从营业收入和成本的变化情况来看：</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，营业收入为</span><span lang=EN-US>4,165.87</span><span
style='font-family:宋体'>万元，上年同期</span><span lang=EN-US>1,414.56</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>2,751.32</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>194.50%</span><span
style='font-family:宋体'>。营业成本为</span><span lang=EN-US>2,876.41</span><span
style='font-family:宋体'>万元，比上年同期</span><span lang=EN-US>833.94</span><span
style='font-family:宋体'>万元，增加</span><span lang=EN-US>2,042.47</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>244.92%</span><span
style='font-family:宋体'>。营业收入和营业成本同时增长，且营业收入增长幅度大于营业成本的增长幅度，表明业务盈利能力上升。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营业收入预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image005.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852340"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>结论</span></h2>

<p class=MsoNormal><span lang=EN-US>  </span><span style='font-family:宋体'>营业收入迅速增加的同时，公司在扭亏的基础上实现了较大幅度的利润增长，公司经营管理有了质的飞跃。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852341"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>实现利润同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率为</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，成本费用利润率为</span><span lang=EN-US>-0.21%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明成本费用利润率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率为</span><span lang=EN-US>-104.19%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率为</span><span lang=EN-US>39.33%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>实现利润同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap rowspan=2 style='width:26.1%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="37%" nowrap colspan=5 style='width:37.66%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售<span lang=EN-US>(</span>营业<span
  lang=EN-US>)</span>毛利率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>39.33 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.03 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>26.35 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>成本费用利润率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.21 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.16 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.29 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售<span lang=EN-US>(</span>营业<span
  lang=EN-US>)</span>增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>672.55 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>120.44 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>179.87 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售<span lang=EN-US>(</span>营业<span
  lang=EN-US>)</span>利润增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-104.19 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1115576.34 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-167.40 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852342"><span style='font-family:宋体'>二、成本费用分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852343"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>成本构成情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，成本费用总额为</span><span
lang=EN-US>4,094.34</span><span style='font-family:宋体'>万元，其中：营业成本为</span><span
lang=EN-US>2,876.41</span><span style='font-family:宋体'>万元，占成本费用总额的</span><span
lang=EN-US>70.25%</span><span style='font-family:宋体'>；销售费用为</span><span
lang=EN-US>703.04</span><span style='font-family:宋体'>万元，占成本费用总额的</span><span
lang=EN-US>17.17%</span><span style='font-family:宋体'>；管理费用为</span><span
lang=EN-US>429.50</span><span style='font-family:宋体'>万元，占成本费用总额的</span><span
lang=EN-US>10.49%</span><span style='font-family:宋体'>；营业税金及附加为</span><span
lang=EN-US>48.70</span><span style='font-family:宋体'>万元，占成本费用总额的</span><span
lang=EN-US>1.19%</span><span style='font-family:宋体'>；财务费用为</span><span
lang=EN-US>36.70</span><span style='font-family:宋体'>万元，占成本费用总额的</span><span
lang=EN-US>0.90%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>成本构成情况占比图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image006.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>成本构成情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业成本</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>574.46 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,876.41 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>833.94 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,042.47 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业税金及附加</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>14.04 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>48.70 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.20 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>42.50 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>221.94 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>703.04 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>386.92 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>316.12 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>管理费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>132.12 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>429.50 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>245.79 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>183.71 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.52%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>财务费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>5.16 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>36.70 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>8.38 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>28.31 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>成本各项构成图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image007.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852344"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>总成本变化情况及原因分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，成本费用总额为</span><span
lang=EN-US>4,094.34</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>1,481.23</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>2,613.11</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>176.41%</span><span style='font-family:宋体'>。具体来说，以下项目的变动使成本费用总额增加：营业成本增加</span><span
lang=EN-US>2,042.47</span><span style='font-family:宋体'>万元，营业税金及附加增加</span><span
lang=EN-US>42.50</span><span style='font-family:宋体'>万元，销售费用增加</span><span
lang=EN-US>316.12</span><span style='font-family:宋体'>万元，管理费用增加</span><span
lang=EN-US>183.71</span><span style='font-family:宋体'>万元，财务费用增加</span><span
lang=EN-US>28.31</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>2,613.11</span><span style='font-family:宋体'>万元。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>成本费用构成表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业收入</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>946.83 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4,165.87 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,414.56 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,751.32 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业成本</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>574.46 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,876.41 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>833.94 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,042.47 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业税金及附加</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>14.04 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>48.70 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.20 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>42.50 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>221.94 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>703.04 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>386.92 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>316.12 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>管理费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>132.12 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>429.50 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>245.79 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>183.71 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="27%" nowrap style='width:27.5%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>财务费用</span></p>
  </td>
  <td width="15%" nowrap style='width:15.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>5.16 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>36.70 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>8.38 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>28.31 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852345"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>经营业务成本控制情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>3</span><span style='font-family:宋体'>月份营业成本为</span><span lang=EN-US>28,764,074.91$unit</span><span
style='font-family:宋体'>，与</span><span lang=EN-US>2009</span><span
style='font-family:宋体'>年</span><span lang=EN-US>3</span><span style='font-family:
宋体'>月份的</span><span lang=EN-US>8,339,365.77$unit</span><span style='font-family:
宋体'>相比成倍增长，增长</span><span lang=EN-US>244.92%</span><span style='font-family:
宋体'>。</span><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>3</span><span style='font-family:宋体'>月份营业成本占营业收入比为</span><span
lang=EN-US>69.05%</span><span style='font-family:宋体'>，与</span><span lang=EN-US>2009</span><span
style='font-family:宋体'>年</span><span lang=EN-US>3</span><span style='font-family:
宋体'>月份的</span><span lang=EN-US>58.95%</span><span style='font-family:宋体'>相比有较大增长，增长</span><span
lang=EN-US>17.12%</span><span style='font-family:宋体'>。营业成本水平有所增长，应当加强营业成本控制，降低营业成本水平。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852346"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>营业成本预算同期分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业成本</span><span
lang=EN-US>2,876.41</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>833.94</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>2,042.47</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>244.92%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f8'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>2,212.23</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>72.62%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营业成本预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image008.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852347"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>营业税金及附加预算同期分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业税金及附加为</span><span
lang=EN-US>48.70</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>6.20</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>42.50</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>685.17%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f9'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>35.76</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>85.22%</span><span
style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852348"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>销售费用的合理性评价</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>3</span><span style='font-family:宋体'>月份销售费用为</span><span lang=EN-US>7,030,410.84$unit</span><span
style='font-family:宋体'>，与</span><span lang=EN-US>2009</span><span
style='font-family:宋体'>年</span><span lang=EN-US>3</span><span style='font-family:
宋体'>月份的</span><span lang=EN-US>3,869,192.91$unit</span><span style='font-family:
宋体'>相比有较大增长，增长</span><span lang=EN-US>81.7%</span><span style='font-family:
宋体'>。销售费用增长的同时营业收入也有较大幅度的增长，并且营业收入增长明显快于销售费用增长，销售投入取得了非常好的投入效果。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852349"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>销售费用预算同期分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，销售费用为</span><span
lang=EN-US>703.04</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>386.92</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>316.12</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>81.70%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f10'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>249.59</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>39.21%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>销售费用预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image009.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852350"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>管理费用的合理性评价</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>3</span><span style='font-family:宋体'>月份管理费用为</span><span lang=EN-US>4,295,009.03$unit</span><span
style='font-family:宋体'>，与</span><span lang=EN-US>2009</span><span
style='font-family:宋体'>年</span><span lang=EN-US>3</span><span style='font-family:
宋体'>月份的</span><span lang=EN-US>2,457,903.25$unit</span><span style='font-family:
宋体'>相比有较大增长，增长</span><span lang=EN-US>74.74%</span><span style='font-family:
宋体'>。同时经营亏损局面扭转，管理费用支出合理。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852351"><span lang=EN-US>9.</span></a><span
style='font-family:宋体'>管理费用预算同期分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，管理费用为</span><span
lang=EN-US>429.50</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>245.79</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>183.71</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>74.74%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f11'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>168.40</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>40.66%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>管理费用预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image010.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852352"><span lang=EN-US>10.</span></a><span
style='font-family:宋体'>财务费用的合理性评价</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>3</span><span style='font-family:宋体'>月份财务费用为</span><span lang=EN-US>366,975.27$unit</span><span
style='font-family:宋体'>，与</span><span lang=EN-US>2009</span><span
style='font-family:宋体'>年</span><span lang=EN-US>3</span><span style='font-family:
宋体'>月份的</span><span lang=EN-US>83,844.77$unit</span><span style='font-family:
宋体'>相比成倍增长，增长</span><span lang=EN-US>337.68%</span><span style='font-family:
宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852353"><span lang=EN-US>11.</span></a><span
style='font-family:宋体'>财务费用预算同期分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，财务费用为</span><span
lang=EN-US>36.70</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>8.38</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>28.31</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>337.68%</span><span style='font-family:宋体'>。完成年度预算的</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('f12'))%</span><span
style='font-family:宋体'>，较累计预算减少</span><span lang=EN-US>6.53</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>43.77%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>财务费用预算同比情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image011.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852354"><span lang=EN-US>12.</span></a><span
style='font-family:宋体'>成本费用同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率为</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，成本费用利润率为</span><span lang=EN-US>-0.21%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>0.21%</span><span
style='font-family:宋体'>，说明成本费用利润率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率为</span><span lang=EN-US>-104.19%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>104.19%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率为</span><span lang=EN-US>39.33%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>39.33%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>成本费用同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap rowspan=2 style='width:21.68%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="42%" nowrap colspan=5 style='width:42.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.68%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>成本费用利润率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.21 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.16 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.29 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852355"><span style='font-family:宋体'>三、资产结构分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852356"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>资产构成基本情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，资产总计为</span><span
lang=EN-US>725.68</span><span style='font-family:宋体'>万元，其中：流动资产合计为</span><span
lang=EN-US>716.02</span><span style='font-family:宋体'>万元，主要分布在其他应收款、存货、货币资金等环节，分别占公司流动资产合计的</span><span
lang=EN-US>41.94%</span><span style='font-family:宋体'>、</span><span lang=EN-US>33.45%</span><span
style='font-family:宋体'>、</span><span lang=EN-US>24.10%</span><span
style='font-family:宋体'>。非流动资产合计为</span><span lang=EN-US>9.66</span><span
style='font-family:宋体'>万元，主要分布在固定资产、无形资产等环节，分别占公司非流动资产合计的</span><span
lang=EN-US>98.49%</span><span style='font-family:宋体'>、</span><span lang=EN-US>1.51%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产构成情况占比图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image012.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产构成各项对比图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image013.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产构成情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.26%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产总计</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>流动资产合计</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>716.02 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>716.02 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>非流动资产合计</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.66 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.66 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852357"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>流动资产构成特点</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>公司持有的货币性资产数额较大，约占流动资产的</span><span
lang=EN-US>24.1%</span><span style='font-family:宋体'>，表明公司的支付能力和应变能力较强，但应当关注货币性资产的投向。公司营业环节占用的资金数额较大，约占公司流动资产的</span><span
lang=EN-US>75.9%</span><span style='font-family:宋体'>，说明市场销售情况的变化会对公司资产的质量和价值带来较大影响，要密切关注公司产品的销售前景和增值能力。公司流动资产中被别人占用的、应当收回的资产数额较大，约占公司流动资产的</span><span
lang=EN-US>42.45%</span><span style='font-family:宋体'>，应当加强应收款项管理，关注应收款项的质量。从资产构成来看，公司流动资产所占比例较高，流动资产的质量和周转效率对公司的经营状况起决定性作用。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动资产构成对比图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image014.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动资产构成表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>货币资金</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>172.54 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>172.54 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>交易性金融资产</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应收票据</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应收账款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.68 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>预付款项</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应收利息</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应收股利</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他应收款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.30 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.30 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>存货</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>239.49 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>239.49 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>一年内到期的非流动资产</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他流动资产</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852358"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>资产的增减及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，资产总计为</span><span
lang=EN-US>725.68</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c2'))</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>725.68</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span style='font-family:宋体'>具体来说，以下项目的变动使资产总计增加：其他应收款增加</span><span
lang=EN-US>300.30</span><span style='font-family:宋体'>万元，存货增加</span><span
lang=EN-US>239.49</span><span style='font-family:宋体'>万元，货币资金增加</span><span
lang=EN-US>172.54</span><span style='font-family:宋体'>万元，固定资产增加</span><span
lang=EN-US>9.51</span><span style='font-family:宋体'>万元，应收账款增加</span><span
lang=EN-US>3.68</span><span style='font-family:宋体'>万元，无形资产增加</span><span
lang=EN-US>0.15</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>725.68</span><span style='font-family:宋体'>万元。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>固定资产情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image015.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852359"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>资产结构的变动情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份存货占销售收入的比例明显上升，应收账款占销售收入的比例明显上升。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>应收账款占营业收入变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image016.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>存货占营业收入变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image017.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852360"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>资产结构同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，不良资产比率为</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>，与行业同期优秀值持平，说明不良资产比率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，总资产增长率为</span><span lang=EN-US>12.52%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>12.52%</span><span
style='font-family:宋体'>，说明总资产增长率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，资产现金回收率为</span><span lang=EN-US>66.17%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>66.17%</span><span
style='font-family:宋体'>，说明资产现金回收率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，总资产报酬率为</span><span lang=EN-US>16.95%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>16.95%</span><span
style='font-family:宋体'>，说明总资产报酬率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产结构同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap rowspan=2 style='width:21.68%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="42%" nowrap colspan=5 style='width:42.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.68%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>不良资产比率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.28 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.21 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.68%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>12.52 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-5.94 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.75 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.68%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>资产现金回收率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>66.17 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>50.37 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>58.61 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.68%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产报酬率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>16.95 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2.32 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.1%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.55 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852361"><span style='font-family:宋体'>四、负债及权益结构分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852362"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>负债及权益构成基本情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年，负债合计为</span><span
lang=EN-US>448.82</span><span style='font-family:宋体'>万元，实收资本为</span><span
lang=EN-US>100.00</span><span style='font-family:宋体'>万元，股东权益合计为</span><span
lang=EN-US>276.86</span><span style='font-family:宋体'>万元，资产负债率为</span><span
lang=EN-US>61.85%</span><span style='font-family:宋体'>。在负债总额中，流动负债合计为</span><span
lang=EN-US>448.82</span><span style='font-family:宋体'>万元，占负债和股东权益总计的</span><span
lang=EN-US>61.85%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>负责及权益构成情况占比图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image018.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>负债及权益构成情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.92%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年初数</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>期末数</span></p>
  </td>
  <td width="16%" nowrap style='width:16.72%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>负债和股东权益总计</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>644.96 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.72%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>流动负债合计</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>644.96 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.72%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>725.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>非流动负债合计</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.72%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>股东权益合计</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>269.10 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>276.86 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.72%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="15%" nowrap style='width:15.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>276.86 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852363"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>流动负债构成</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>公司来自于非经营性应付款项的资金数额较大，约占流动负债的</span><span
lang=EN-US>60.28%</span><span style='font-family:宋体'>，经营风险较大。公司经营活动派生的负债资金数额较多，约占流动负债的</span><span
lang=EN-US>39.72%</span><span style='font-family:宋体'>，说明企业自身派生的经营性负债较大，可以为企业的经营性资产的占用提供了更多的资金支持，以满足营运资金的需要，资金成本相对较低。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动负债</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image019.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>短期借款</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image020.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动负债各项对比图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image021.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动负债各项情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>短期借款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>交易性金融负债</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" style='width:49.3%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应付票据</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付账款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>预收账款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付职工薪酬</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应交税费</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付利息</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付股利</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他应付款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>一年内到期的非流动负债</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="49%" nowrap style='width:49.3%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他流动负债</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.04%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852364"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>负债的增减变化情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，负债合计为</span><span
lang=EN-US>448.82</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c2'))</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>448.82</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>负债变化情况表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年初数</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>期末数</span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>负债合计</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>375.86 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>448.82 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>448.82 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>短期借款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付账款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>42.85 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付职工薪酬</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>24.33 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应交税费</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>38.68 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他应付款</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.00 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="30%" nowrap style='width:30.54%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>非流动负债合计</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="17%" nowrap style='width:17.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852365"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>负债的增减变化原因</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>具体来说，以下项目的变动使负债合计增加：其他应付款增加</span><span
lang=EN-US>270.53</span><span style='font-family:宋体'>万元，应付账款增加</span><span
lang=EN-US>123.64</span><span style='font-family:宋体'>万元，应交税费增加</span><span
lang=EN-US>31.98</span><span style='font-family:宋体'>万元，应付职工薪酬增加</span><span
lang=EN-US>22.68</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>448.82</span><span style='font-family:宋体'>万元。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852366"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>权益的增减变化</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，股东权益合计为</span><span
lang=EN-US>276.86</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c4'))</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>276.86</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>股东权益合计情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image022.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>未分配利润情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image023.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852367"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>权益的增减变化原因</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>具体来说，以下项目的变动使股东权益合计增加：盈余公积增加</span><span
lang=EN-US>153.15</span><span style='font-family:宋体'>万元，实收资本增加</span><span
lang=EN-US>100.00</span><span style='font-family:宋体'>万元，未分配利润增加</span><span
lang=EN-US>23.70</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>276.86</span><span style='font-family:宋体'>万元。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852368"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>负债及权益结构同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，带息负债比率为</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>，与行业同期优秀值持平，说明带息负债比率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，净资产收益率为</span><span lang=EN-US>3.43%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>3.43%</span><span
style='font-family:宋体'>，说明净资产收益率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，资本收益率为</span><span lang=EN-US>9.37%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>9.37%</span><span
style='font-family:宋体'>，说明资本收益率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，资产负债率为</span><span lang=EN-US>61.85%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>61.85%</span><span
style='font-family:宋体'>，说明资产负债率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>负债及权益结构同行业指标比较</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="19%" nowrap rowspan=2 style='width:19.64%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="43%" nowrap colspan=5 style='width:43.08%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="19%" nowrap style='width:19.64%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>带息负债比率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>79.64 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>88.68 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="19%" nowrap style='width:19.64%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>净资产收益率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.43 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.18 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.12 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="19%" nowrap style='width:19.64%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>资本收益率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.37 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.43 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.15 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="19%" nowrap style='width:19.64%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>资产负债率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>48.42 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.42%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>53.60 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.62%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852369"><span style='font-family:宋体'>五、偿债能力分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852370"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>支付能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从支付能力来看，总公司</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份是有现金支付能力的。从发展角度来看，按照当前资产的周转速度和盈利水平，公司有能力偿还短期借款。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852371"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>流动比率</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，流动比率为</span><span
lang=EN-US>1.60</span><span style='font-family:宋体'>，同比</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。同比增长的主要原因是：流动资产合计为</span><span lang=EN-US>716.02</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c3'))</span><span style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>；流动负债合计为</span><span lang=EN-US>448.82</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c4'))</span><span style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>流动比率情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image024.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852372"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>速动比率</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，速动比率为</span><span
lang=EN-US>1.06</span><span style='font-family:宋体'>，同比</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。同比增长的主要原因是：速动资产为</span><span lang=EN-US>476.52</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>；流动负债合计为</span><span lang=EN-US>448.82</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c4'))</span><span style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span lang=EN-US>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>速动比率情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image025.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852373"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>短期偿债能力变化情况</span></h2>

<p class=MsoNormal><span lang=EN-US>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852374"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>短期付息能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从短期来看，公司拥有支付利息的能力。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产负债率变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image026.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>偿债能力指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="33%" nowrap style='width:33.5%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减<span lang=EN-US>%</span></span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.5%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>流动比率</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.60 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.60 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.5%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>速动比率</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.06 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.06 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.5%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>利息保障倍数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.16 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-7.09 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>10.25 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.5%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产负债率</span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852375"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>长期付息能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从盈利情况来看，公司盈利对利息的保障倍数为</span><span
lang=EN-US>3.16</span><span style='font-family:宋体'>倍。公司盈利能力对利息的保障程度偏低。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852376"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>负债经营可行性</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>本公司无付息负债，不存在负债经营风险。从资本结构和资金成本来看，总公司</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份的付息负债为</span><span lang=EN-US>0$unit</span><span
style='font-family:宋体'>，实际借款利率水平为</span><span lang=EN-US>$tool.iif($RBRTA, '</span><span
style='font-family:宋体'>负</span><span lang=EN-US>', '', '',
'')$number.format('####.##',$number.abs($RBRTA))%</span><span style='font-family:
宋体'>，公司的财务风险系数为</span><span lang=EN-US>0.68</span><span style='font-family:
宋体'>。从公司当期资本结构、借款利率和盈利水平三者的关系来看，公司增加负债不会增加公司的盈利水平，相反会降低公司现在的盈利水平。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852377"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>偿债能力同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，资产负债率为</span><span
lang=EN-US>61.85%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>61.85%</span><span style='font-family:宋体'>，说明资产负债率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，利息保障倍数为</span><span lang=EN-US>3.16%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>3.16%</span><span
style='font-family:宋体'>，说明利息保障倍数水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，速动比率为</span><span lang=EN-US>1.06%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>1.06%</span><span
style='font-family:宋体'>，说明速动比率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，现金流动负债比率为</span><span lang=EN-US>623.11%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>623.11%</span><span
style='font-family:宋体'>，说明现金流动负债比率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，带息负债比率为</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>，与行业同期优秀值持平，说明带息负债比率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>偿债能力同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap rowspan=2 style='width:21.06%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="42%" nowrap colspan=5 style='width:42.32%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.06%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产负债率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>48.42 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>53.60 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.06%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>利息保障倍数<span
  lang=EN-US>(</span>倍<span lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.16 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.58 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.71 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.06%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>速动比率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.06 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.29 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.32 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.06%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金流动负债比率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>623.11 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>63.84 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>16.26 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.06%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>带息负债比率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>79.64 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>88.68 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.46%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852378"><span style='font-family:宋体'>六、盈利能力分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852379"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>盈利能力基本情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业利润率为</span><span
lang=EN-US>1.96%</span><span style='font-family:宋体'>，总资产报酬率为</span><span
lang=EN-US>16.00%</span><span style='font-family:宋体'>，净资产收益率为</span><span
lang=EN-US>3.38%</span><span style='font-family:宋体'>，成本费用利润率为</span><span
lang=EN-US>1.94%</span><span style='font-family:宋体'>。公司实际投入到企业自身经营业务的内部经营资产为</span><span
lang=EN-US>725.68</span><span style='font-family:宋体'>万元，内部经营资产收益率为</span><span
lang=EN-US>11.26%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营业利润率情况图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image027.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>盈利能力指标表（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减<span lang=EN-US>%</span></span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>营业利润率</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.96 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-4.71 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.67 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产报酬率</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>16.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>16.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>净资产收益率</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.38 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.38 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>成本费用利润率</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.94 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-4.58 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.52 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="37%" nowrap style='width:37.76%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售毛利率</span></p>
  </td>
  <td width="18%" nowrap style='width:18.68%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>30.95 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.4%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>41.05 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-10.09 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852380"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>内部资产的盈利能力</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，内部经营资产收益率为</span><span
lang=EN-US>11.26</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>11.26%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852381"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>对外投资盈利能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>对外投资或投资收益为零。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852382"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>内外部资产盈利能力比较</span></h2>

<p class=MsoNormal><span lang=EN-US> </span><span style='font-family:宋体'>从企业内外部资产的盈利情况来看，内部经营资产收益率大于企业实际贷款利率，说明内部资产盈利水平相对较好。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852383"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>净资产收益率及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，净资产收益率为</span><span
lang=EN-US>3.38</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>3.38%</span><span style='font-family:宋体'>。同比增长的主要原因是：净利润</span><span
lang=EN-US>9.37</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>-74.74</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>112.54%</span><span style='font-family:宋体'>；平均股东权益</span><span
lang=EN-US>276.86</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>净资产收益率情况图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image028.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852384"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>总资产报酬率及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，总资产报酬率为</span><span
lang=EN-US>16.00</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>16.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：息税前收益</span><span
lang=EN-US>116.14</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>-59.41</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>295.47%</span><span style='font-family:宋体'>；平均资产总额</span><span
lang=EN-US>725.68</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852385"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>成本费用利润率及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，成本费用利润率为</span><span
lang=EN-US>1.94</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>-4.58</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>6.52%</span><span style='font-family:宋体'>。同比增长的主要原因是：利润总额</span><span
lang=EN-US>79.44</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>-67.80</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>217.17%</span><span style='font-family:宋体'>；成本费用总额为</span><span
lang=EN-US>4,094.34</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,481.23</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>176.41%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852386"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>盈利能力同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，净资产收益率为</span><span
lang=EN-US>3.43%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>3.43%</span><span style='font-family:宋体'>，说明净资产收益率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，总资产报酬率为</span><span lang=EN-US>16.95%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>16.95%</span><span
style='font-family:宋体'>，说明总资产报酬率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率为</span><span lang=EN-US>39.33%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>39.33%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>毛利率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，盈余现金保障倍数为</span><span lang=EN-US>-69.42%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>69.42%</span><span
style='font-family:宋体'>，说明盈余现金保障倍数水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，成本费用利润率为</span><span lang=EN-US>-0.21%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>0.21%</span><span
style='font-family:宋体'>，说明成本费用利润率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，资本收益率为</span><span lang=EN-US>9.37%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>9.37%</span><span
style='font-family:宋体'>，说明资本收益率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>盈利能力同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap rowspan=2 style='width:24.34%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="40%" nowrap colspan=5 style='width:40.56%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>净资产收益率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.43 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.18 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.12 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产报酬率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>16.95 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2.32 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.55 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售<span lang=EN-US>(</span>营业<span
  lang=EN-US>)</span>毛利率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>39.33 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.03 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>26.35 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>盈余现金保障倍数<span lang=EN-US>(</span>倍<span
  lang=EN-US>)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-69.42 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.73 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-152.94 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>成本费用利润率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.21 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.16 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.29 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="24%" nowrap style='width:24.34%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>资本收益率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.37 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.43 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.15 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852387"><span style='font-family:宋体'>七、营运能力分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852388"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>存货周转天数变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，应收账款周转天数为</span><span
lang=EN-US>29.97</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均应收账款</span><span
lang=EN-US>239.49</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业收入为</span><span
lang=EN-US>2,876.41</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>833.94</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>244.92%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>存货周转天数情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image029.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852389"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>应收账款周转天数及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，应收账款周转天数为</span><span
lang=EN-US>0.67</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均应收账款</span><span
lang=EN-US>7.76</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业收入为</span><span
lang=EN-US>4,165.87</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,414.56</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>194.50%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>应收账款周转天数情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：天</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image030.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852390"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>应付账款周转天数及其变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，应付账款周转天数为</span><span
lang=EN-US>10.42</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均应付账款</span><span
lang=EN-US>83.24</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业成本为</span><span
lang=EN-US>2,876.41</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>833.94</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>244.92%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>应付账款周转天数情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：天</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image031.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852391"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>现金周期</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，现金周转天数为</span><span
lang=EN-US>20.23</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852392"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>营业周期</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营业周期为</span><span
lang=EN-US>30.64</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营业周期情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：天</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image032.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营运能力指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：天</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="38%" nowrap style='width:38.46%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>存货周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>29.97 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>29.97 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应收账款周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.67 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.67 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应付账款周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>10.42 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>10.42 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>营业周期</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>30.64 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>30.64 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852393"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>营业周期结论</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从存货、应收账款、应付账款三者占用资金数量及其周转速度的关系来看，公司经营活动的资金占用有较大幅度的增加，营运能力明显下降。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852394"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>流动资产周转天数变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，流动资产周转天数为</span><span
lang=EN-US>58.62</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均流动资产</span><span
lang=EN-US>678.31</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业收入为</span><span
lang=EN-US>4,165.87</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,414.56</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>194.50%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852395"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>总资产周转天数变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，总资产周转天数为</span><span
lang=EN-US>59.22</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均资产总额为</span><span
lang=EN-US>685.32</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业收入为</span><span
lang=EN-US>4,165.87</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,414.56</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>194.50%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>总资产周转天数情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image033.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>资产周转速度表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：天</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="38%" nowrap style='width:38.46%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>流动资产周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>58.62 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>58.62 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>总资产周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>59.22 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>59.22 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>固定资产周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.59 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.59 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="38%" style='width:38.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金周转天数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>20.23 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.08%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.24%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>20.23 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852396"><span lang=EN-US>9.</span></a><span
style='font-family:宋体'>固定资产周转天数变化原因</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，固定资产周转天数为</span><span
lang=EN-US>0.59</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。同比增长的主要原因是：平均固定资产</span><span
lang=EN-US>6.83</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营业收入为</span><span
lang=EN-US>4,165.87</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,414.56</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>194.50%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852397"><span lang=EN-US>10.</span></a><span
style='font-family:宋体'>营运能力同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，总资产周转率为</span><span
lang=EN-US>6.08%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>6.08%</span><span style='font-family:宋体'>，说明总资产周转率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，流动资产周转率为</span><span lang=EN-US>6.14%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>6.14%</span><span
style='font-family:宋体'>，说明流动资产周转率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，应收账款周转率为</span><span lang=EN-US>537.02%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>537.02%</span><span
style='font-family:宋体'>，说明应收账款周转率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，存货周转率为</span><span lang=EN-US>12.42%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>12.42%</span><span
style='font-family:宋体'>，说明存货周转率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营运能力同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：次</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="22%" nowrap rowspan=2 style='width:22.44%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="41%" nowrap colspan=5 style='width:41.58%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="22%" nowrap style='width:22.44%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产周转率<span lang=EN-US>(</span>次<span
  lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.08 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.66 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.34 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="22%" nowrap style='width:22.44%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>流动资产周转率<span lang=EN-US>(</span>次<span
  lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.14 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.71 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.36 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="22%" nowrap style='width:22.44%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应收账款周转率<span lang=EN-US>(</span>次<span
  lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>537.02 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.64 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2.66 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="22%" nowrap style='width:22.44%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>存货周转率<span lang=EN-US>(</span>次<span
  lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>12.42 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.61 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.33 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852398"><span style='font-family:宋体'>八、发展能力分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852399"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>销售收入增长率</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，销售收入为</span><span
lang=EN-US>4,165.87</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>1,414.56</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>194.50%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852400"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>净利润增长率</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，净利润为</span><span
lang=EN-US>9.37</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>-74.74</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>112.54%</span><span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852401"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>资本增长性</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，股东权益合计为</span><span
lang=EN-US>276.86</span><span style='font-family:宋体'>万元，同比</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c4'))</span><span
style='font-family:宋体'>万元，。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>税后利润情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image034.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852402"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>可动用资金总额</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份可动用资金总额为</span><span
lang=EN-US>93,695.64$unit</span><span style='font-family:宋体'>。说明在没有外部资金来源的情况下，企业用于投资发展的资金如果不超过这一数额，则不会给企业经营业务活动带来不利影响，反之，如果企业的新增投资规模超过这一数额，则在没有其他外部资金来源的情况下，必然占用经营业务活动资金，引起营运资本的减少，将会引起经营活动的资金紧张。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>可动用资金总额变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image035.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852403"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>挖潜发展能力</span></h2>

<p class=MsoNormal><span lang=EN-US>----</span><span style='font-family:宋体'>单位</span>
<span style='font-family:宋体'>不是变量；</span></p>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份在加速企业流动资产周转速度方面，如果使公司流动资产周转速度提高</span><span
lang=EN-US>0.05</span><span style='font-family:宋体'>次，则流动资产占用缩短</span><span
lang=EN-US>-0.12</span><span style='font-family:宋体'>天，由此而节约资金</span><span
lang=EN-US>54,724.08$unit</span><span style='font-family:宋体'>，可用于企业今后发展。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852404"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>发展能力同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，资本保值增值率为</span><span
lang=EN-US>102.88%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>102.88%</span><span style='font-family:宋体'>，说明资本保值增值率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率为</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>672.55%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>增长率水平处于行业领先位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率为</span><span lang=EN-US>-104.19%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>104.19%</span><span
style='font-family:宋体'>，说明销售</span><span lang=EN-US>(</span><span
style='font-family:宋体'>营业</span><span lang=EN-US>)</span><span
style='font-family:宋体'>利润增长率水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，总资产增长率为</span><span lang=EN-US>12.52%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>12.52%</span><span
style='font-family:宋体'>，说明总资产增长率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>发展能力同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap rowspan=2 style='width:26.1%;border:solid windowtext 1.0pt;
  border-bottom:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="37%" nowrap colspan=5 style='width:37.66%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" style='width:26.1%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资本保值增值率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>102.88 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>101.09 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>101.26 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" style='width:26.1%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>销售<span
  lang=EN-US>(</span>营业<span lang=EN-US>)</span>增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>672.55 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>120.44 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>179.87 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>销售<span lang=EN-US>(</span>营业<span
  lang=EN-US>)</span>利润增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-104.19 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-1115576.34 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-167.40 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.1%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>总资产增长率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>12.52 </span></p>
  </td>
  <td width="14%" nowrap style='width:14.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-5.94 </span></p>
  </td>
  <td width="10%" nowrap style='width:10.86%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4.75 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="7%" nowrap style='width:7.54%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852405"><span style='font-family:宋体'>九、经营协调性分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852406"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>投融资活动的协调情况</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从长期投资和融资情况来看，公司长期投融资活动能为企业提供</span><span
lang=EN-US>2,671,959.25$unit</span><span style='font-family:宋体'>的营运资本，投融资活动是协调的。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营运资本增减变化表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="35%" nowrap style='width:35.26%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>营运资本</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>267.20 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>267.20 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>股东权益合计</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>276.86 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>276.86 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>长期股权投资</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>固定资产</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.51 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.51 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="35%" style='width:35.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>非流动资产合计</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.66 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="22%" nowrap style='width:22.76%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.66 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852407"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>营运资本变化情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营运资本</span><span
lang=EN-US>267.20</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>267.20</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span lang=EN-US>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营运资本情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image036.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852408"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>经营协调性及现金支付能力</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从公司经营业务的资金协调情况来看，公司经营业务正常开展，需要企业提供</span><span
lang=EN-US>946,536.83$unit</span><span style='font-family:宋体'>的流动资金。而公司投融资活动保证了企业经营活动的资金需求，经营业务是协调的。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>经营性资产增减变化表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.58%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="21%" nowrap style='width:21.18%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.58%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>存货</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>239.49 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.18%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>239.49 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应收账款</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.68 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>预付款项</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>其他应收款</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.30 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="25%" nowrap style='width:25.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.30 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>经营性负债增减变化表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.92%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" style='width:31.92%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><b><span style='font-size:10.0pt;font-family:宋体;
  color:black'>合计</span></b></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>448.82 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>448.82 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" style='width:31.92%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应付账款</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>123.64 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" style='width:31.92%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>预收款项</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" style='width:31.92%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>应付职工薪酬</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>22.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应交税费</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.98 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付利息</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>应付股利</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="31%" nowrap style='width:31.92%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>其他应付款</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.18%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="23%" nowrap style='width:23.94%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>270.53 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852409"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>营运资金需求的变化</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营运资金需求为</span><span
lang=EN-US>543.48</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>543.48</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>营运资金需求变化情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image037.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852410"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>现金支付情况</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从企业的现金支付能力来看，企业经营业务需要</span><span
lang=EN-US>946,536.83$unit</span><span style='font-family:宋体'>的营运资金，而企业的营运资本数额为</span><span
lang=EN-US>2,671,959.25$unit</span><span style='font-family:宋体'>，营运资本能够满足企业经营业务对资金的需求，企业拥有支付能力，当期现金支付能力为</span><span
lang=EN-US>1,725,422.42$unit</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金支付能力变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image038.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852411"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>整体协调情况</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，营运资本</span><span
lang=EN-US>267.20</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>267.20</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；营运资金需求为</span><span
lang=EN-US>543.48</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>543.48</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>；现金支付能力</span><span
lang=EN-US>172.54</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>172.54</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>经营协调情况变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image039.gif"></span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852412"><span style='font-family:宋体'>十、经营风险分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852413"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>经营风险</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份盈亏平衡点的营业收入为</span><span
lang=EN-US>39,257,130.4$unit</span><span style='font-family:宋体'>，表示当公司该期营业收入超过这一数值时公司会有盈利，低于这一数值时公司会亏损。营业安全水平为</span><span
lang=EN-US>5.76%</span><span style='font-family:宋体'>，表示公司当期经营业务收入下降只要不超过</span><span
lang=EN-US>2401616.92$unit</span><span style='font-family:宋体'>，公司仍然会有盈利。从营业安全水平来看，公司有一定的承受销售下降打击的能力，但营业安全水平并不太高。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>盈亏平衡点变化图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image040.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852414"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>财务风险</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>本公司无付息负债，不存在负债经营风险。从资本结构和资金成本来看，总公司</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份的付息负债为</span><span lang=EN-US>0$unit</span><span
style='font-family:宋体'>，实际借款利率水平为</span><span lang=EN-US>$tool.iif($RBRTA, '</span><span
style='font-family:宋体'>负</span><span lang=EN-US>', '', '',
'')$number.format('####.##',$number.abs($RBRTA))%</span><span style='font-family:
宋体'>，公司的财务风险系数为</span><span lang=EN-US>0.68</span><span style='font-family:
宋体'>。从公司当期资本结构、借款利率和盈利水平三者的关系来看，公司增加负债不会增加公司的盈利水平，相反会降低公司现在的盈利水平。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>经营风险指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元、<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.46%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" style='width:26.46%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>财务风险系数</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.68 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.68 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" style='width:26.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>经营风险系数</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>11.07 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-9.79 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>20.86 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" style='width:26.46%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>营业安全率</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.06 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.12 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.17 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="26%" nowrap style='width:26.46%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>盈亏平衡点</span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3,925.71 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,578.76 </span></p>
  </td>
  <td width="24%" nowrap style='width:24.52%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,346.96 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852415"><span style='font-family:宋体'>十一、现金流量分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852416"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>现金流入结构分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，现金流入总额为</span><span
lang=EN-US>8,122.01</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>8,122.01</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。主要分布在销售商品、提供劳务收到的现金、收到的其他与经营活动有关的现金等环节，分别占公司现金流入总额的</span><span
lang=EN-US>90.55%</span><span style='font-family:宋体'>、</span><span lang=EN-US>5.89%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流入结构图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image041.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流入结构表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="46%" nowrap style='width:46.26%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="16%" nowrap style='width:16.12%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.26%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>借款所收到的现金</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.12%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>300.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>取得投资收益所收到的现金</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>34.64 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>34.64 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>销售商品、提供劳务收到的现金</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>7,354.09 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>7,354.09 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.26%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金流入总额</span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>8,122.01 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.12%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.8%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>8,122.01 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852417"><span lang=EN-US>2.</span></a><span
style='font-family:宋体'>现金流出结构分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，现金流出总额为</span><span
lang=EN-US>6,708.99</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>6,708.99</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。主要分布在偿还债务所支付的现金、购买商品、接受劳务支付的现金等环节，分别占公司现金流出总额的</span><span
lang=EN-US>20.87%</span><span style='font-family:宋体'>、</span><span lang=EN-US>52.67%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流出结构图（<span
lang=EN-US>%</span>）</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=547 height=427 src="财务分析报告【新准则】2007.files/image042.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流出结构表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="46%" nowrap style='width:46.12%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-bottom:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>购买商品、接受劳务支付的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3,533.40 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3,533.40 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付给职工以及为职工支付的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.74 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.74 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的各项税费</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>287.89 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>287.89 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的其他与经营活动有关的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>857.64 </span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>857.64 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>购建长期资产所支付的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>55.148453</span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>55.148453</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>偿还债务所支付的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1400</span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1400</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="46%" style='width:46.12%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>分配股利或利润所支付的现金</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>263.164747</span></p>
  </td>
  <td width="15%" nowrap style='width:15.0%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0</span></p>
  </td>
  <td width="19%" nowrap style='width:19.44%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>263.164747</span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852418"><span lang=EN-US>--3.</span></a><span
style='font-family:宋体'>现金流动的稳定性分析（结论性文字没有输出）</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>现金流入总额为</span><span lang=EN-US>81,220,096.35$unit</span><span
style='font-family:宋体'>，主要分布在销售商品、提供劳务收到的现金、收到的其他与经营活动有关的现金等环节，分别占公司现金流入总额的</span><span
lang=EN-US>90.55%</span><span style='font-family:宋体'>、</span><span lang=EN-US>5.33%</span><span
style='font-family:宋体'>。现金流出总额为</span><span lang=EN-US>67,089,866.25$unit</span><span
style='font-family:宋体'>，主要分布在购买商品、接受劳务支付的现金、支付给职工以及为职工支付的现金等环节，分别占公司现金流出总额的</span><span
lang=EN-US>52.67%</span><span style='font-family:宋体'>、</span><span lang=EN-US>4.65%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流入流出对比表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:30.0pt'>
  <td width="34%" nowrap style='width:34.74%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>同期数</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>购买商品、接受劳务支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3,533.40 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3,533.40 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付给职工以及为职工支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.74 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.74 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的各项税费</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>287.89 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>287.89 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的其他与经营活动有关的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>857.64 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>857.64 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>购建长期资产所支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>55.15 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>55.15 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>投资所支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的其他与投资活动有关的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>偿还债务所支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,400.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,400.00 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>分配股利或利润所支付的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>263.16 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>263.16 </span></p>
  </td>
 </tr>
 <tr style='height:30.0pt'>
  <td width="34%" style='width:34.74%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>支付的其他与筹资活动有关的现金</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="16%" nowrap style='width:16.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
  <td width="24%" nowrap style='width:24.32%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:30.0pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852419"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>现金流动的协调性评价</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，投资活动需要资金</span><span
lang=EN-US>20.48</span><span style='font-family:宋体'>万元，经营活动创造资金</span><span
lang=EN-US>2,796.67</span><span style='font-family:宋体'>万元，筹资活动需要净支付资金</span><span
lang=EN-US>1,363.16</span><span style='font-family:宋体'>万元。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852420"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>现金流量的变化</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，现金及现金等价物净增加额为</span><span
lang=EN-US>1,413.02</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c22'))</span><span
style='font-family:宋体'>万元，同比增加</span><span lang=EN-US>1,413.02</span><span
style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>；经营活动产生的现金流量净额为</span><span lang=EN-US>2,796.67</span><span
style='font-family:宋体'>万元，上年同期</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c23'))</span><span style='font-family:宋体'>万元，同比增加</span><span
lang=EN-US>2,796.67</span><span style='font-family:宋体'>万元，增长</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。经营活动现金净流量的变化与营业利润的变化不同步，经营活动产生的现金流量净额为</span><span
lang=EN-US>2,796.67</span><span style='font-family:宋体'>万元，营业利润为</span><span
lang=EN-US>81.68</span><span style='font-family:宋体'>万元。</span></p>

<p class=MsoNormal><span style='font-family:宋体'>具体来说，以下项目的变动使经营活动产生的现金流量净额增加：净利润增加</span><span
lang=EN-US>262.36</span><span style='font-family:宋体'>万元，固定资产折旧增加</span><span
lang=EN-US>19.30</span><span style='font-family:宋体'>万元，无形资产及其他资产摊销增加</span><span
lang=EN-US>1.31</span><span style='font-family:宋体'>万元，长期待摊费用摊销增加</span><span
lang=EN-US>83.90</span><span style='font-family:宋体'>万元，财务费用增加</span><span
lang=EN-US>44.49</span><span style='font-family:宋体'>万元，存货的减少增加</span><span
lang=EN-US>523.22</span><span style='font-family:宋体'>万元，经营性应收项目的减少增加</span><span
lang=EN-US>1,193.47</span><span style='font-family:宋体'>万元，经营性应付项目的增加增加</span><span
lang=EN-US>688.94</span><span style='font-family:宋体'>万元，共计增加</span><span
lang=EN-US>2,816.99</span><span style='font-family:宋体'>万元。以下项目的变动使经营活动产生的现金流量净额减少：处置固定资产、无形资产和其他长期资产的损失减少</span><span
lang=EN-US>0.02</span><span style='font-family:宋体'>万元，投资损失减少</span><span
lang=EN-US>20.29</span><span style='font-family:宋体'>万元，共计减少</span><span
lang=EN-US>20.31</span><span style='font-family:宋体'>万元。增加项与减少项相抵，使经营活动产生的现金流量净额增长</span><span
lang=EN-US>2,796.67</span><span style='font-family:宋体'>万元。投资活动产生的现金流量净额为</span><span
lang=EN-US>-20.48</span><span style='font-family:宋体'>万元，上年同期</span><span
lang=EN-US>$number.format('#,##0.00', $a.get('c25'))</span><span
style='font-family:宋体'>万元，同比减少</span><span lang=EN-US>20.48</span><span
style='font-family:宋体'>万元，下降</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>；筹资活动产生的现金流量净额为</span><span lang=EN-US>-1,363.16</span><span
style='font-family:宋体'>万元，上年同期</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c26'))</span><span style='font-family:宋体'>万元，同比减少</span><span
lang=EN-US>1,363.16</span><span style='font-family:宋体'>万元，下降</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流量对比图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image043.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852421"><span lang=EN-US>6.</span></a><span
style='font-family:宋体'>现金流量的充足性评价（需要</span><span lang=EN-US>3</span><span
style='font-family:宋体'>期数据）</span></h2>

<p class=MsoNormal><span lang=EN-US>-----</span><span style='font-family:宋体'>无描述文字；</span></p>

<p class=MsoNormal><span style='font-family:宋体'>需要三期数据</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金偿债能力指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="36%" nowrap style='width:36.58%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="21%" nowrap style='width:21.96%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="36%" style='width:36.58%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>债务偿还率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.93 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.96%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>311.93 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="36%" style='width:36.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金流动资产比</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>24.10 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.96%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>24.10 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="36%" style='width:36.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>经营偿债能力</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.23 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.96%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.23 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="36%" style='width:36.58%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金流动负债比率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>623.11 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.96%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>623.11 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金支付能力情况图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image044.gif"></span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852422"><span lang=EN-US>7.</span></a><span
style='font-family:宋体'>现金流动的有效性评价</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>从经营活动现金净流量来看，在销售收入中，现金利润占销售收入的比例为期</span><span
lang=EN-US>67.13%</span><span style='font-family:宋体'>，</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，销售现金收益率为</span><span lang=EN-US>67.13%</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>67.13%</span><span
style='font-family:宋体'>；资产现金报酬率为</span><span lang=EN-US>194.72%</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>194.72%</span><span
style='font-family:宋体'>；销售收现率为</span><span lang=EN-US>176.53%</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>176.53%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金盈利能力指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="28%" nowrap style='width:28.94%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="19%" nowrap style='width:19.78%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.94%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>销售现金收益率</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>67.13 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.78%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>67.13 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.94%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产现金报酬率</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>194.72 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>194.72 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.94%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>收益净现率</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>29,848.47 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>29,848.47 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="28%" style='width:28.94%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资本现金收益率</span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>510.38 </span></p>
  </td>
  <td width="19%" nowrap style='width:19.78%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="25%" nowrap style='width:25.64%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>510.38 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金管理效率指标表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="33%" nowrap style='width:33.62%;border:solid windowtext 1.0pt;
  border-bottom:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="22%" nowrap style='width:22.98%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:none;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.62%;border:solid windowtext 1.0pt;padding:
  0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>净收益营运指数</span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.09 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.98%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.09 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.62%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>现金营运指数</span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>7.15 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>7.15 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="33%" style='width:33.62%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>销售收现率</span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>176.53 </span></p>
  </td>
  <td width="22%" nowrap style='width:22.98%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="21%" nowrap style='width:21.7%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>176.53 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852423"><span lang=EN-US>8.</span></a><span
style='font-family:宋体'>自由现金流量分析</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>通过企业的经营努力，</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，创造的自由现金流量为</span><span lang=EN-US>-92.66</span><span
style='font-family:宋体'>万元。经营活动扩大后，企业可支配的自由现金流量为</span><span lang=EN-US>2,796.67</span><span
style='font-family:宋体'>万元</span> <span style='font-family:宋体'>。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852424"><span lang=EN-US>9.</span></a><span
style='font-family:宋体'>现金流量同行业指标比较分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，资产现金回收率为</span><span
lang=EN-US>62.68%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>62.68%</span><span style='font-family:宋体'>，说明资产现金回收率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，盈余现金保障倍数为</span><span lang=EN-US>-69.42%</span><span
style='font-family:宋体'>，与行业同期较差值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还低</span><span lang=EN-US>69.42%</span><span
style='font-family:宋体'>，说明盈余现金保障倍数水平处于行业很差的位置。</span><span lang=EN-US>2010</span><span
style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，现金流动负债比率为</span><span lang=EN-US>623.11%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>623.11%</span><span
style='font-family:宋体'>，说明现金流动负债比率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>现金流量同行业指标比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="23%" nowrap rowspan=2 style='width:23.48%;border:solid windowtext 1.0pt;
  border-bottom:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="41%" nowrap colspan=5 style='width:41.04%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="23%" style='width:23.48%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产现金回收率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>62.68 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>50.37 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>58.61 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="23%" style='width:23.48%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>盈余现金保障倍数<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-69.42 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>31.73 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-152.94 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="23%" nowrap style='width:23.48%;border:solid windowtext 1.0pt;
  border-top:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=left style='text-align:left'><span style='font-size:
  11.0pt;font-family:宋体;color:black'>现金流动负债比率<span lang=EN-US>(%)</span></span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>623.11 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="11%" nowrap style='width:11.84%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.2%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h1 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852425"><span style='font-family:宋体'>十二、杜邦分析</span></a></h1>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852426"><span lang=EN-US>1.</span></a><span
style='font-family:宋体'>杜邦分析</span></h2>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>杜邦相关指标趋势分析图</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'><img
width=587 height=427 src="财务分析报告【新准则】2007.files/image045.gif"></span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>杜邦相关指标趋势分析表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：万元</span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="21%" nowrap style='width:21.66%;border:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>累计数</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>上年同期</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减额</span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>增减率</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>净资产收益率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.29 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.29 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>总资产净利率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.37 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.37 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>权益乘数</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2.62 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2.62 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>销售净利率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.22 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-5.28 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>5.51 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>总资产周转率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.08 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.08 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>资产负债率</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>61.85 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>　</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>净利润</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>9.37 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-74.74 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>84.11 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-112.54 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>营业收入</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>4,165.87 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1,414.56 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2,751.32 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>194.50 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>平均总资产</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>685.32 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>685.32 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="21%" style='width:21.66%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>平均负债总额</span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>412.34 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="20%" nowrap style='width:20.06%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>412.34 </span></p>
  </td>
  <td width="18%" nowrap style='width:18.16%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=right style='text-align:right'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852427"><span lang=EN-US>2. </span></a><span
style='font-family:宋体'>资产净利率变化原因分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份资产净利率为</span><span
lang=EN-US>1.29%</span><span style='font-family:宋体'>，同比</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>1.29%</span><span
style='font-family:宋体'>。同比增长的主要原因是：销售净利率为</span><span lang=EN-US>0.22%</span><span
style='font-family:宋体'>，同比</span><span lang=EN-US>-5.28%</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>5.51%</span><span
style='font-family:宋体'>；总资产周转率为</span><span lang=EN-US>6.08</span><span
style='font-family:宋体'>次，同比</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>次，增长</span><span lang=EN-US>6.08</span><span
style='font-family:宋体'>次。总资产周转率的上升可以弥补销售净利率上升带来的影响，使资产利润率由</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>上升到</span><span lang=EN-US>1.29%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span lang=EN-US>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852428"><span lang=EN-US>3.</span></a><span
style='font-family:宋体'>权益乘数变化原因分析</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，权益乘数为</span><span
lang=EN-US>2.62</span><span style='font-family:宋体'>，同比</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。同比增长的主要原因是：资产总计为</span><span lang=EN-US>725.68</span><span
style='font-family:宋体'>万元，同比</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c6'))</span><span style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>；负债合计为</span><span lang=EN-US>448.82</span><span
style='font-family:宋体'>万元，同比</span><span lang=EN-US>$number.format('#,##0.00',
$a.get('c7'))</span><span style='font-family:宋体'>万元，增长</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。资产总计增长速度慢于负债合计增长速度，致使权益乘数增长。</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852429"><span lang=EN-US>4.</span></a><span
style='font-family:宋体'>净资产收益率变化原因分析</span></h2>

<p class=MsoNormal><span style='font-family:宋体'>与同期相比，净资产收益率呈增长趋势，由</span><span
lang=EN-US>0.00</span><span style='font-family:宋体'>增长</span><span lang=EN-US>3.58%</span><span
style='font-family:宋体'>，而权益乘数提高了，由</span><span lang=EN-US>0.00</span><span
style='font-family:宋体'>提高到</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>。权益乘数的上升可以弥补资产净利率上升带来的影响，使得净资产收益率由</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>上升到</span><span lang=EN-US>3.58%</span><span
style='font-family:宋体'>。</span></p>

<p class=MsoNormal><span lang=EN-US>&nbsp;</span></p>

<h2 align=left style='margin:0cm;margin-bottom:.0001pt;text-align:left;
line-height:150%'><a name="_Toc387852430"><span lang=EN-US>5.</span></a><span
style='font-family:宋体'>杜邦分析同行业比较</span></h2>

<p class=MsoNormal><span lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span
lang=EN-US>03</span><span style='font-family:宋体'>月份，净资产收益率为</span><span
lang=EN-US>3.43%</span><span style='font-family:宋体'>，与行业同期优秀值</span><span
lang=EN-US>0.00%</span><span style='font-family:宋体'>相比，还高出</span><span
lang=EN-US>3.43%</span><span style='font-family:宋体'>，说明净资产收益率水平处于行业领先位置。</span><span
lang=EN-US>2010</span><span style='font-family:宋体'>年</span><span lang=EN-US>03</span><span
style='font-family:宋体'>月份，总资产周转率为</span><span lang=EN-US>6.08%</span><span
style='font-family:宋体'>，与行业同期优秀值</span><span lang=EN-US>0.00%</span><span
style='font-family:宋体'>相比，还高出</span><span lang=EN-US>6.08%</span><span
style='font-family:宋体'>，说明总资产周转率水平处于行业领先位置。</span></p>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><b><span
style='font-size:14.0pt;line-height:150%;font-family:宋体;color:black'>杜邦分析同行业比较表</span></b></p>

<p class=MsoNormal align=right style='text-align:right;line-height:150%'><span
style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>单位：<span
lang=EN-US>%</span></span></p>

<table class=MsoNormalTable border=0 cellspacing=0 cellpadding=0 width="100%"
 style='width:100.0%;border-collapse:collapse'>
 <tr style='height:20.1pt'>
  <td width="18%" nowrap rowspan=2 style='width:18.5%;border:solid windowtext 1.0pt;
  border-bottom:solid black 1.0pt;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>项目</span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>3</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>2</span>月</span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border:solid windowtext 1.0pt;
  border-left:none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年<span lang=EN-US>1</span>月</span></p>
  </td>
  <td width="43%" nowrap colspan=5 style='width:43.7%;border-top:solid windowtext 1.0pt;
  border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid black 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>2010</span><span
  style='font-size:11.0pt;font-family:宋体;color:black'>年全行业参数</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>本期数</span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>优秀值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>良好值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>平均值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较低值</span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span
  style='font-size:11.0pt;font-family:宋体;color:black'>较差值</span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="18%" style='width:18.5%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>净资产收益率<span
  lang=EN-US>(%)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>3.43 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>1.18 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>-0.12 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
 <tr style='height:20.1pt'>
  <td width="18%" style='width:18.5%;border:solid windowtext 1.0pt;border-top:
  none;padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal><span style='font-size:10.0pt;font-family:宋体;color:black'>总资产周转率<span
  lang=EN-US>(</span>次<span lang=EN-US>)</span></span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>6.08 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.66 </span></p>
  </td>
  <td width="12%" nowrap style='width:12.6%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.34 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
  <td width="8%" nowrap style='width:8.74%;border-top:none;border-left:none;
  border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt;
  padding:0cm 5.4pt 0cm 5.4pt;height:20.1pt'>
  <p class=MsoNormal align=center style='text-align:center'><span lang=EN-US
  style='font-size:11.0pt;font-family:宋体;color:black'>0.00 </span></p>
  </td>
 </tr>
</table>

<p class=MsoNormal align=center style='text-align:center;line-height:150%'><span
lang=EN-US style='font-size:12.0pt;line-height:150%;font-family:宋体;color:black'>&nbsp;</span></p>

</div>

</body>

</html>
